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1212 Professional Blvd, Evansville, IN, 47714

P1 Dental Partners & Dermatology Associates of Evansville
$1,228,235

Key Information

Cap Rate
8.5%
$ per SF
$219
Tot. SF
5,608
Year Built
1992
Term Remaining
±5 Yrs
Type
Healthcare
Occupancy
100%
NOI
$104,400

Highlights

  • Defensive Healthcare Tenancy: Anchored by general dentistry and dermatology, two of the most resilient healthcare sectors, the property offers investors durable income backed by essential, recurring patient demand and limited exposure to economic volatility.
  • Thriving Industries: The U.S. dental market is projected to grow from $162B in 2023 to $280B by 2032 (7.4% CAGR) while the dermatology market is expected to rise from $63B to $128B over the same period
    (7.3% CAGR).
  • Established, Institutionally Backed Dental Platform: P1 Dental Partners, a leading Midwest DPO, operates more than 60 practices across 5 states. Backed by institutional capital, P1 delivers long-term credit strength and a proven record of operational growth.
  • Long-Standing Local Dermatology Practice: Dermatology Associates of Evansville has served the Tri-State region for over a decade, maintaining a loyal patient base and strong community presence that reinforces long-term tenancy.
  • NN+ Leases with Rent Growth: Both tenants operate under NN+ leases with annual increases, providing investors predictable,
    inflation-hedged income and minimal management responsibilities.
  • Central Tri-State Healthcare Hub: As the medical and economic center of the Indiana–Kentucky–Illinois Tri-State region, Evansville supports sustained demand for outpatient medical real estate driven by healthcare, education, and life sciences growth.
  • Strategic Medical Corridor Location: Located within Evansville’s established medical corridor near Ascension St. Vincent and Deaconess Midtown Hospitals, the site benefits from strong referral networks and consistent patient traffic.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203